I think the banks sold off as AUS recorded its first qtr of deflation since 2008, giving rise to the possibility (likelihood) of RBA rate cut, which negatively impacted the banks. The AUD plunged for the same reason, prospective lower rates. It seems to be holding steady now, limping marginally upwards after calamitous decline(see chart).
I started a thread on the CPI Release after the ABS released the numbers, about noon today Post 17608055
AUDUSD - 30 min intervals:
- Forums
- Commodities
- GOLD
- gold
gold, page-712
- There are more pages in this discussion • 125,937 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online